Taiwan OEMs need to get on board with big data: Oxford prof. (update)

Focus Taiwan
Date: 2015/09/16
Photo courtesy of 30 Monthly
By Christie Chen

Taipei, Sept. 16 (CNA) Taiwanese original equipment manufacturers (OEMs) need to start 201509160030t0001gaining access to big data if they wish to remain competitive in the coming years, or risk getting left behind, a big data expert warned Wednesday.

Viktor Mayer-Schönberger, an Oxford University professor and co-author of “Big Data: A Revolution That Will Transform How We Live, Work, and Think,” made the remark at a big data forum in Taipei when asked how Taiwanese OEMs can take advantage of the big data trend.

Big data refers to the flood of digital data from the Internet, social media networks, industrial sensors and various other sources, and the use of predictive analytics or other advanced methods to extract value from such data.

To illustrate his point that OEMs need to get on board with big data, Mayer-Schönberger mentioned the example of an automobile company in Europe that was able to gain the upper hand over one of its suppliers due to the former’s access to big data collected from sensors in its cars.     [FULL  STORY]

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